A financial reform bill is finally coming to President Obama's desk for his signature. Yet, according to a recent article by the New York Times, the bill lacks protections against three notorious lending practices from auto dealers that should have been addressed by the new law. For my purposes, the actual exemptions themselves are irrelevant. The obvious question is why the bill exempted these practices. The answer is an abject lesson in the power of one, and centers on one of our most undemocratic of institutions.
I am not referring to the Supreme Court and the power of judicial review.
Showing posts with label Financial reform bill. Show all posts
Showing posts with label Financial reform bill. Show all posts
Monday, July 19, 2010
Subscribe to:
Posts (Atom)